Question

The Cash Book records :
a) All cash receipts & payment b) Cash and credit sales of goods
c) Only cash receipts d) None of these

Answer 1

Explanation:

The cash book is used to record receipts and payments of cash. It works as a book of original entry as well as a ledger account. The entries related to receipt and payment of cash are first recorded in the cash book and then posted to the relevant ledger accounts.